10 Debt Lessons to Learn from Professional Football Players

In the 1990s, the NFL was my life. I was a placekicker for the New York Jets, Seattle Seahawks, and Buffalo Bills. My career highlight was leading the AFC in touchbacks in 1995. 

For my second career, I chose a profession I already had some experience with –  personal finance. Throughout the '90s, I saw young men sign contracts for millions of dollars – and for many, those millions evaporated shortly after their careers ended. 

My years in the NFL taught me almost as much about staying out of debt as my subsequent career as president of Debt.com. So let's kick off 10 Debt Lessons You Can Learn from NFL Players. 

Brains Beat Bucks

Money will get you out of debt, but it won't keep you out of debt. I saw that up close for years. Give someone $1 million and don't teach them how to budget, save, and invest – and I promise you they'll be down to their last dollar before they retire. 

Budgeting is Your Game Plan

Typically, about 6 in 10 adults keep a monthly household budget of income and expenses. During the pandemic, that jumped to nearly 80 percent. But, it should be 100 percent. 

Shorten the Field with Technology

Those who don't budget often tell me they don't have the time. They must be very busy people because keeping a budget these days takes only a few minutes a day. You don't use a pencil and paper. You use your phone or computer. 

SWIPE UP TO READ MORE!